Mortgage Observer

2013_web

Class of 2013: New Hires Signal Banks’ Growth Heading Into New Year

Everyone wants to operate a business in New York City. Companies from around the world travel to the Big Apple to expand their presence in the global market by staking out space here.

While the costs of operating a business in the city and in the region can be astronomical, the rewards can make it well worth it. So despite the challenges, each year a number of financial institutions from around the globe decide that it’s time to expand in New York in order to capitalize on companies’ desires to open shop or expand their operations here. As 2012 draws to a close, a number of new entrants from regional and national banks are elbowing in to gain market share in the New York tristate area by offering financing for commercial real estate. That means new hires. Read More

Lease Beat

623 Fifth Avenue

Avison Young Leases Its First Manhattan Headquarters

Avison Young is taking 15,000 square feet at 623 Fifth Avenue as space for its new Manhattan headquarters, The Commercial Observer has learned.

The Canada-based real estate services company opened in the city last year and has been operating out of temporary space offered by the office suite company Regus at 245 Park Avenue. Read More